Optimal Monetary Policy under Uncertainty, Second Edition

Optimal Monetary Policy under Uncertainty, Second Edition

Froyen, Richard T.; Guender, Alfred V.

Edward Elgar Publishing Ltd

09/2019

464

Dura

Inglês

9781784717186

15 a 20 dias

Descrição não disponível.
Contents: Preface PART I IMPERFECT INFORMATION, RESPONSES TO SHOCKS, AND CREDIBILITY ISSUES 1. Introduction, Part 1 2. A basic model and some early results 3. The strategy of monetary policy: targets, instruments and information variables 4. A variable price level, supply shocks and rational expectations 5. Optimal monetary and exchange rate policy in the open economy 6. Monetary policy credibility PART II OPTIMAL MONETARY POLICY: A NEW KEYNESIAN PERSPECTIVE 7. Introduction, Part 2 8. The Phillips Curve: an evolving concept 9. The forward-looking model: the closed economy 10. The forward-looking model: additional topics 11. The forward-looking model: the open economy 12. The New Keynesian model: the backward-looking case PART III RESEARCH IN MONETARY POLICY since the GLOBAL FINANCIAL CRISIS 13. Introduction, Part 3 14. Money and finance in Keynesian models 15. Rethinking stabilization policy 16. Financial markets since the crisis: a smorgasbord of issues Bibliography Index
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optimal monetary policy; time inconsistency; inflation targeting; policy with commitment; discretionary policy; Taylor rules